Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Banking on Climate Resilience: BIS and MAS Launch Project Viridis to Navigate Financial Risks

(IN BRIEF) Project Viridis, a collaborative effort between the Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS), introduces a groundbreaking blueprint for integrating regulatory frameworks with climate data to address climate-related financial risks. The initiative, outlined … Read the full press release

Ageas Projects Shine in Prestigious Awards Program

(IN BRIEF) Ageas celebrates recognition in the prestigious Quorus Awards, with four of its innovative projects making it to the final rounds of this esteemed program. Among nearly 300 entries spanning 40 countries, Grupo Ageas Portugal and AKsigorta in Türkiye … Read the full press release

Encavis AG AGM Decides to Retain Earnings for Accelerated Growth

(IN BRIEF) Hamburg-based renewable energy operator Encavis AG (listed on the MDAX) recently concluded its Annual General Meeting (AGM) by resolving to retain its entire consolidated earnings, bolstering the company’s internal resources to propel accelerated growth. The decision reflects Encavis … Read the full press release

Shell plc Announces Dividend Payments for Q1 2024

(IN BRIEF) Shell plc’s Board unveiled today the equivalent dividend payments for the first quarter 2024 interim dividend, originally announced on May 2, 2024, at US$0.344 per ordinary share. Shareholders were granted the option to receive dividends in US dollars, … Read the full press release

Tube Investments of India (TII) Executive Vice-Chairman Vellayan Subbiah Crowned EY World Entrepreneur Of The Year™ 2024

(IN BRIEF) Tube Investments of India (TII) and Cholamandalam Investment and Finance Co. Ltd.’s Executive Vice-Chairman, Vellayan Subbiah, clinched the prestigious title of EY World Entrepreneur Of The Year™ 2024 at a gala held in Monaco’s Salle des Etoiles. Selected … Read the full press release

Barclays Continues Expansion Strategy with Key Hire for German-speaking Markets

(IN BRIEF) Barclays, a leading global financial institution, has announced the appointment of Christian Wagner as the Head of Investment Banking for Germany, Austria, and Switzerland (DACH). In this role, Mr. Wagner will oversee the entire Investment Banking business for … Read the full press release

DNB Enhances SME Support with EIF Partnership, Unlocks NOK 2.5 Billion in Funding

(IN BRIEF) Norway’s largest lender, DNB Bank ASA, has partnered with the European Investment Fund (EIF) to bolster support for small and medium-sized enterprises (SMEs) through a groundbreaking collaboration. Backed by an EIF guarantee under the InvestEU program, DNB will … Read the full press release

InvestEU Program Bolsters SME Support: EIF and Innovation Norway Ink Landmark Deals

(IN BRIEF) The European Investment Fund (EIF) and Innovation Norway have sealed two groundbreaking agreements aimed at bolstering financing opportunities for small and medium-sized enterprises (SMEs) in Norway. This strategic collaboration will empower Innovation Norway to expand its lending volume, … Read the full press release

EIF Leads €100 Million Pledge to RIVE Infrastructure Impact Fund in Green Transition Push

(IN BRIEF) The European Investment Fund (EIF) has pledged €100 million to the RIVE Infrastructure Impact Fund (RIIF), marking a significant commitment to the energy transition in Europe. Managed by RIVE Private Investment, RIIF focuses exclusively on supporting SMEs across … Read the full press release

Breaking Ground: InvestEU Programme Launches in Iceland with Byggðastofnun Guarantee Pact

(IN BRIEF) In a significant move to bolster Icelandic small entrepreneurship beyond the capital region, the European Investment Fund (EIF) has inked a guarantee agreement with the Icelandic regional development agency, Byggðastofnun, under the European Commission’s InvestEU initiative. This agreement … Read the full press release

European Investment Bank and Deutsche Kreditbank Strengthen 25-Year Collaboration with Renewables Initiative

(IN BRIEF) The European Investment Bank (EIB) and Deutsche Kreditbank (DKB) recently celebrated their 25-year partnership by signing a new agreement at DKB’s Berlin headquarters, aimed at supporting renewable energy projects for Small and Medium Enterprises (SMEs) in Germany. Under … Read the full press release

EU and Nefco Transform University Facilities into Social Housing for IDPs in Ivano-Frankivsk

(IN BRIEF) In response to the pressing need for safe housing for internally displaced persons (IDPs) in Ivano-Frankivsk, a city in western Ukraine, the European Union and Nefco have undertaken a transformative initiative. With approximately 41,000 IDPs seeking refuge in … Read the full press release

MCFA’s Partnership with ENGIE Energy Access Mozambique to Propel Sustainable Cooking Solutions in Mozambique

(IN BRIEF) The Modern Cooking Facility for Africa (MCFA) has joined forces with ENGIE Energy Access Mozambique to advance clean cooking solutions in Mozambique, backed by EUR 1.3 million in funding. Through ENGIE’s subsidiary in Mozambique, innovative biodigester technology will … Read the full press release

EBRD and EU Launch €12.5 Million Programme to Boost Lebanese SMEs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a €12.5 million programme aimed at supporting small and medium-sized enterprises (SMEs) in Lebanon to enhance resource efficiency and circularity measures. Over a … Read the full press release

EBRD Mobilizes Funding to Strengthen Ukraine’s Energy Security

(IN BRIEF) In response to recent attacks by Russia on Ukraine’s energy infrastructure, the European Bank for Reconstruction and Development (EBRD) has pledged over €300 million in additional funding to support the country’s state-owned energy companies. This commitment, formalized through … Read the full press release

Strategic Alliance: EIB and Banco Sabadell Drive Economic Cohesion in Spain

(IN BRIEF) The European Investment Bank (EIB) and Banco Sabadell have joined forces in a significant deal, signing a guarantee agreement worth up to €200 million, which is the first phase of a broader operation of €300 million. Over the … Read the full press release

Telefonaktiebolaget LM Ericsson Announces Increase in Shares and Votes Following Treasury Stock Expansion

(IN BRIEF) Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) has disclosed the updated number of shares and votes as of May 31, 2024, with a total of 3,348,251,735 shares, including 261,755,983 A shares and 3,086,495,752 B shares. The total votes amount to … Read the full press release

Fugro Concludes Share Repurchase Programme, Fulfilling Employee Share Programme Obligations

(IN BRIEF) Fugro has successfully concluded its share repurchase programme, initiated on 20 March 2024, aimed at meeting obligations under its employee share programmes. During the period from 29 May to 30 May, the company repurchased 87,322 shares at an … Read the full press release

Neste’s Green Finance Milestones: Accelerating Sustainable Solutions

(IN BRIEF) Neste has released its annual Green Finance Report for 2023, showcasing its dedication to combatting climate change and advancing toward a circular economy. In 2023, Neste achieved significant milestones in its sustainable funding journey, including the establishment of … Read the full press release

Frédéric de Courtois Elected President of Insurance Europe, Vows to Drive Competitive Solutions

(IN BRIEF) Frédéric de Courtois, Deputy CEO of AXA Group, has been unanimously elected as President of Insurance Europe, leading the federation of European insurance and reinsurance associations for the next three years. In his inaugural speech at the 14th … Read the full press release